dauber
Civil/Environmental
- Jun 24, 2003
- 4
I posted this elsewhere, but may be more appropriate here.
Has anyone any experience with obtaining a performance bond and a payment/material bond for design services? I have typically required bonds from contractors for construction, but now I am being asked from a government agency (Maryland) to provide bonds as a design professional providing design services only.
My firm is a small civil/environmental company that has been operating for almost two years. My insurance provider indicated I would typically need 3 threes of financial statements before a bonding company would even look at supplying a bond. Any guidance/suggestions would be greatly appreciated. Thank you.
Has anyone any experience with obtaining a performance bond and a payment/material bond for design services? I have typically required bonds from contractors for construction, but now I am being asked from a government agency (Maryland) to provide bonds as a design professional providing design services only.
My firm is a small civil/environmental company that has been operating for almost two years. My insurance provider indicated I would typically need 3 threes of financial statements before a bonding company would even look at supplying a bond. Any guidance/suggestions would be greatly appreciated. Thank you.